Oil patch bits: Five board members elected at Doyon annual meeting

Petroleum News

Doyon Ltd. announced March 20 that at its annual meeting of shareholders, five shareholders were elected to the board of directors. Incumbents Georgianna Lincoln, Shirley Cleaver, Orie G. Williams were joined by new board members, Marvin Roberts and Cheryl Cadzow. Each seat has a three-year term, ending in March 2023.

The board members join continuing directors Walter “Wally” Carlo, Jennifer Fate, Erica L. Frankson, Betty Huntington, Jerry Isaac, Sonta Hamilton Roach, Miranda Wright and Christopher Simon. The main item of business was the election of the five board members.

This year’s annual meeting was historic, held virtually online in order to protect shareholders from the spread of COVID-19. Shareholders and proxyholders were able to vote their proxies by paper, electronically and by phone. Many agenda items were cancelled and will be rescheduled. Only the board election, president’s report, and treasurers report were included on the agenda.

Doyon’s quorum was announced at 59.85% and at least 562 shareholders logged in and participated via Doyon’s live webcast of the virtual meeting. Doyon’s board of directors also participated remotely.

Many components of the annual meeting, including the keynote addresses, shareholder question and comments, promotional giveaways and shareholder of the year awards will be rescheduled, hopefully in conjunction with sister organizations Tanana Chiefs Conference and Fairbanks Native Association.